The $1.4 Billion Question: Will UMG Actually Share Its Spotify Stock Windfall With Artists?
Entertainment – Music
Late last month, Universal Music Group (UMG) confirmed plans to sell 50% of its Spotify stock (NYSE: SPOT) – while claiming that “artists will share in the proceeds.” But pressing questions remain about what this possible distribution will look like in practice. Those questions are taking center stage now that the dust has settled from […] Continue reading this story from the source →
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